Market map: blockchain startups working on decentralized exchanges

Similarly to dapp browsers, exchanges are another essential gateway for the crypto world. In the context of security breaches and issues with regulations, decentralized exchanges are popping out as a solution to centralized exchanges.

Looking at blockchain startups building decentralized exchanges shows that there are not that many — only some 20 (see below a map of selected decentralized exchanges).

Overview of selected cryptos working on decentralized exchanges (From: Researchly)

What can be seen further is that there are several ways how these projects are approaching decentralized exchanges:

Applications with their own token

Those are cryptos that are building the end product, the decentralized exchanges directly and which have their own token. Examples include IDEX and EtherDelta